News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source. Clickbait titles may be removed.
Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.
7. No duplicate posts.
If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners or news aggregators.
All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
My raise this year: .
Inflation this year: ⚪
Thanks, boss. Appreciate it.
This is by design. Inflation is designed to make you work harder to justify a raise that barely keeps your standard of living intact.
More profits for your boss, same standard of living (or lower) for you....
Inflation is wildly out of control now, but even pre-pandemic, the central bank's 2% target inflation is designed to make you work harder for nothing in return
2% inflation isn't designed to hurt workers, it's meant to encourage investment in the economy. It helps workers and people who are net borrowers.
If you are a net borrowers, you pay that back with future dollars. Inflation reduces the value of future dollars. Let's say you get a 3% raise but inflation is 3%. Your boss is being stupid and you basically didn't get a raise.
But if your mortgage is $2,000 per month, you now have 3% more money to pay it off. That's because your mortgage doesn't increase with inflation. So the inflation helps you pay off your loans.
It's the same with businesses. Investors could either loan money out or invest directly in businesses. Higher inflation makes them more likely to invest in their businesses, because money sitting in the bank loses value due to inflation. This causes them to hire more people.
2% is a good sweet spot that encourages borrowing and investing in businesses, but isn't too high. Obviously the problem now is that inflation remains above 2%, and there has been no relief from past increases. It would be much better if minimum wage was increased to help out people at the bottom deal with them.
my mortgage does go up with inflation because the central bank raises rates to fight inflation, and i live in a stupid country where a 25yr amortized mortgage isn't really a 25yr mortgage... you need to renew it every 5 years at whatever interest rates the banks dream up.
Why would a 25 year fixed rate loan not exist? It hurts borrowers when rates are low and lenders when rates are high.
Although it saves you the trouble and expense of refinancing in five years when rates are low again.
But, inflation has been going down. It's currently around 3.1%.
I like how central banks and economists only truly got spooked once wage inflation was a thing
I made about $10k more this year than last year, still struggling with food costs.
I got a new job that came with a 25k raise last year and the only reason we can afford to eat 3 good meals a day is we started a garden where a lot of our food comes from and I started making most things from scratch, doughs, jam, oat milk, next is peanut butter.
The cheapest loaf of shitty bread at the closest store is $3. At the next closest store 40 minutes away it's $2.50. What the fuck happened to $1 store brand bread that was fine enough and not almost rock hard by the time you get it.
Man, I just spent $6.29 for a plain loaf of wheat bread! Where are you getting $3 a loaf bread?!
It's the acme brand plain white loaf, it's probably been about 6 months since I went in the bread isle but that bread is horrible by the time you buy it, at least at my store, and really only good for toast.
When we were buying bread we would buy something with family in the name? Which was the next cheapest one at around $4-5 for a plain white loaf.